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2013 and earlier Lexus GS 350 / GS 460 Lease Questions
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Comments
I got a lease offer from the local lexus dealer on 2013 gs350 AWD;
Msrp 55407, 10k/36, 4000 drive off, 599 per month incl tax n fees.
Is it good or bad deal here? What are the dealer fees?
If I geS350 with luxury Package (MSRP 59K), Lets say I get it 3K Below MSRP how should i break down the numbers to get the monthly payment based on 36 months 10K a year, $0 DOWN, I will just pay the bank, Doc, DMV fees?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I went to various dealers (MB, BMW, and Lexus), what I've noticed is that they give you the residual and money factor numbers and selling price but those numbers does not match?
EXAMPLE:
GS 350 AWD +luxury Package MSRP is 59K, residual is around 66% I think, money factor is around 0.002, if you do the calculation you will find out that on 10K miles 36 months lease this fully loaded car should be around $563 a month with $0 down. However the national offer for the cheaper model ($55K Car) is $599/Month with 3200 Down ?!
Did the same with other brands like BMW, They give you all the numbers but when you do the calculations you will find out that you will be paying around 60% of the car price at the lease end regardless of the residual value(they give you the residual number but they don't apply it to the lease payments!!!!)
My question is does those number need to match all the time? Should we always insist that the total lease payment match the residual of the car?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thank you very much for your quick response, can you write the details of your calculations so I can understand and apply it to any other deal in the future?
Thanks
NyStar
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
if MSD is used, what is minimum MF?
cold weather pckg, 18" alloy wheels MSRP 55,907 with about $ 1500 off
i think residual is 58 and MF is 0.00219
lease terms 42 mths @ 15,000/yr
due at signing $1375 (includes 1st mth payment , and other fee)
monthly payments come to $775 / mth (inclusive of tax)
Any thoughts?
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
lexus gs350 f sport (rivera red with flaxen) very hard combination to get. One 1 left in the entire west coast from Longo Lexus in Southern Cal
Msrp 56,455
The terms were 24 month Residual 70% money factor .0020 (could have gone to .0019 but i had 4 other vehicle loan under my name)
Car was sold to me at $300 over invoice and they took off additional $1,500( conquest) from my down payment.
$1,430 total drive off
23 payments at $725 plus tax
15k miles a year
the residual is 73% if you like the standard gs350
Thanks.
based on current residuals and MF?
lease terms 42 months/15 K / year
Input from Car Man or anyone will be appreciated.
$610 to $630 plus tax. based on 36 month 15k a year
my numbers come to $775/mth including taxes and fee with zero down except for 1st month payment and doc fee.
also, if I choose MSD x 4 then monthly payment comes to $750/mth (including taxes)
Your numbers don't mean a thing until you tell us the MSRP and the purchase price. Also the term and the amount of miles. What is the Money Factor (prior to MSD) the dealer quoted you?
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
MF 0.00177
Residual 58%
42 months
15k/yr
0 down except for first mth payment and doc fee of 599
based on this I have been quoted 775/mth
any thoughts???
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
could you be more specific. the model gsport/luxury/regular trim
i would go for 36 month rather than 42
please provide the msrp stricker price of the vehicle
and this is for GS 350 2013 premium package
42 mths @ 15k/yr
i had been to 3 dealerships in Ky and OH and none of them are giving me any discount on MSRP.This dealer in KY is giving me a higher residual and better MF than others it looks like.
when i used the lease calulator (available on this site I got the same numbers )
and this is for GS 350 2013 premium package
42 mths @ 15k/yr
i had been to 3 dealerships in Ky and OH and none of them are giving me any discount on MSRP.This dealer in KY is giving me a higher residual and better MF than others it looks like.
when i used the lease calulator (available on this site I got the same numbers )
I have 24 month lease on a fsport(which has a 3% lower residual)
I got it at 70% If you were leasing your car with just premium package you should get 73% residual on 2 year.
why dont you use 3 party lease outlets like cardirect.com or leaseoutlet.com
msrp $52517
sale price $49490
multiple security deposits $4400
drive off 1st pay and upfront fees $1800
total drive off $6200
66% residual
money factor was .00182 minus .00064 for the security deposit
final money factor .00118 (2.83%)
36 month lease
10k miles
$511 monthly payment b4 tax or $551 for everything.
The dealer was very professional, but if I had not done the homework on the multiple deposit,
they were not going under .00215 MF.
again, I am very grateful for all the posters!
I would have financed the car-at least you would have something to show after five yrs.
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
Yes, the conquest cash did indeed go away.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
2013 GS350/AWD with premium package,blind spot monitor,18"wheels,cold weather package
42 mths@ 15k/yr
0 down (except for first month payment)
MSRP 55600
Residual 63%
745/mth tax included
I know not a good deal but as mentioned had been waiting for this car since January and it was time to lease one.I tried 3 different dealerships but not much success with MSRP.
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
but the deal , could have been way better.
will try luck next time.
I was in looking fro Audi A6 earlier but changed my mind since Audi had low residuals and higher monthly payments.
Audi is superior in some aspects but after riding in lexus found lexus not to be inferior to Audi in some things.
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
I checked out a few dealers down here in Southeast Florida and rather than lease, I bought it on Sunday, April 29th. In Florida, they had a $1500 conquest available for April. The car I bought was a GS350 base with an MSRP of $58,860. Selling price was $54,500 at the top of the buyer's order. They then subtracted the $1500 cash back for conquest certificate from the balance owed at the bottom. They had a dealer fee of $699 (all FL dealers have a dealer fee, no way around it). They got me financed at 2.69% for 60 months on a $16,000 loan balance.
So, all I am trying to say is if you shop hard, and you have 6 dealerships within a 30 mile radius of each other, great deals are available. Remember, 3 of those dealerships are among the top selling dealerships in the country.
2021 Genesis G90
I was playing around with lease calculators today inserting various numbers for a premium edition and a luxury model. The residual is a few points lower for the luxury edition. I am looking at a three year 15k lease. My conclusion is that there is about a $100.00 difference per month for the luxury model. Over 36 months it is $3,600 so you are practically paying 90 percent of the option costs. In other words, the difference between the MSRP may be around 4k, the residuals difference is less than 1k.
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
First of all there is $1500 conquest available if you have a competing car like a Cadillac, Mercedes, BMW, etc. I went to Lexus of Pemboke Pines. Their deal was far superior to any other dealer in South Florida.
See Yucel Genc, my salesperson and tell him Mike from Coconut Creek sent you in. They have a nice inventory and their service is exceptional. I drive 55 miles round trip to get that deal. The largest Lexus dealer in the country in Margate, 1 mile away couldn't come close to the deal I got.
Definitely worth the extra miles when you can save a bunch of money. And they are not as snooty as the Margate dealership, which shall remain nameless.
2021 Genesis G90
Interesting, as I too am 6'2" and felt squeezed in when I test drove the A6, the Jaguar XF and most other cars in this Luxury Sport group. Then I drove the new GS350 and it was so comfortable I was truly amazed.
I test drove both the base and the sport model but found the Sport's interior too metallic - no wood on the console or trim areas, just grooved aluminum - no my preference in a sport luxury car. So I settled for the base car which has YHE adaptive ride function with the luxury package - econo, sport and S+. in S+ mode, the steering and suspension stiffen significantly as does the gear shifts.
This new GS350 is very technologically advanced and I am still figuring out the various settings and screens. Used NAV yesterday for the first time and it was far superior to Mercedes, BMW and Audi. Easier to set using voice recognition. Voice is consistent in audio, NAV, phone and all other APPS with Lexus Enform. Blind spot monitor is terrific and the heads up display is phenomenal as it shows NAV route instructions with arrows.
Car is 2" longer than the previous GS and it was used to increase front leg room. Also 2" higher for taller drivers.
Great car - and the new technology and body styling will be expanded to the entire line starting with this new GS350.
Definitely worth a second look.
2021 Genesis G90
Keith
2021 Genesis G90
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)